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Saturday, January 7, 2017

Sound the seven trumpets! The Trump Rally picks up steam in the New Year as the Dow powers towards 20K. The top print at 12:33 PM EST on Friday, 1/6/17, is 19,999.63 only 37 pennies from the 20,000 milestone. Typesetters and artists throw their tools in the air in disgust unable to hype the 20K number all weekend long in the media headlines as planned. Floor traders place their Dow 20K caps back in the desk drawer until next week. Several traders prematurely donned the Dow 20K hats which is viewed as a superstitious violation of the highest order which may now usher in bad luck. Traders are a superstitious bunch; a milestone hat should never be worn until the index actually prints the record number. Will the Dow print 20K next week?The universal consensus is that perhaps the lollapalooza of bank earnings late next week will catapult the Dow over the top. GS and JPM are in the Dirty Thirty and will likely dictate victory, or failure. JPM, BAC, BLK, PNC and WFC report earnings on Friday the 13th. GS reports on Tuesday, 1/17/17.The all-time record high for the Dow is 19,999.63 printed on 1/6/17 and the all-time closing high is 19,974.62 on 12/20/16. This information is for educational and entertainment purposes only. Do not invest based on anything you read or view here. Consult your financial advisor before making any investment decision.

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Do not invest based on anything you view or read on this blog. This blog is for educational and entertainment purposes only. Consult your financial advisor before making any investment decision. Please read the Terms and Conditions.